RELL yeah, I though it earnings were ok, they did beat estimates on EPS. Last quarter RELL quickly gave up its early after earnings gains, so we'll see. Solid balance sheet, I think its still trading under tang book even after today's move.
But in the CC they did say a few nice things, not really unexpected, but good to know they think they are on the right track. They said that their PMT biz (semi-wafer) which had been their biggest segment until the huge downturn, has bottomed and they expect sequential growth their; and from discussions with their largest customers (Lam Research by far the biggest, but also AMAT and others) they expect calendar year 2025 to be a record year for PMT. They also said their GES biz (alt energy - wind turbines, and also railroad associated) will show sequential growth. Health, a small money losing sector forever for them, next qtr blah, but they claim the are on a path to breakeven relatively short term. Canvas (displays) seems ok, but not much growth short term. But if PMT comes back strong, that would be a huge help to the bottom line.
best.
